Gold-Tech

🥇GOLD - The price is getting ready to drop. False breakout

Short
OANDA:XAUUSD   Or / Dollar Américain
Gold is testing trend resistance again, Price is forming a strong consolidation and there is a noticeable lull in the market, most likely before the storm

TA on the high Timeframe:
1) Local support is forming at 1912, and consolidation near the level
2) There is still a potential for a decline to 1902.

TA on the low timeframe:
1) Price is forming a bounce from trend resistance after a false breakdown
2) If the price can break the support of 1912, 1910 then it will head down to 1900.
3) The trend is bearish and I expect the price to decline in priority.

Key resistance📈: 1915
Key support📉: 1912, 1910

All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

🌹 Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.